Midpoint LITCF valuation is 2.6c. Hell, even the intrinsic value is 1.4c. That it trades fully 30% below even that level is just bizarre.
Perhaps it's because of the iceberg seller who was at it today at 1c. Will be interesting to see what happens when he/she gets cleaned out. Perhaps the same as what happened with ISU today after Burgundy fully exited yesterday.
Underlying Price
$0.0640
1
Exercise Price
$0.0499
2
Today's Date
6/8/2020
3
Expiry Date
30/5/2021
4
Historical Volatility
131.00%
5
Risk Free Rate
1.00%
6
Dividened Yield
0.00%
7
DTE (Years)
0.81
8
9
d1
0.8083
10
Nd1
0.2878
11
d2
-0.3734
12
Nd2
0.3544
13
14
Call Option
$0.0331
15
Put Option
$0.0185
16
Midpoint:
$0.0258
LIT Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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